203 billion USD annual export value predicted

According to the General Statistics Office, export turnover enjoyed a year-on-year increase of 19.8% in the first nine months of this year, totalling 154 billion USD.

According to expert, global commodity prices are rising, resulting in increases in export values.  The Ministry of Industry and Trade said that the improvement of the country's business and investment environment and the simplification of administrative procedures have also aided businesses.

Officials said national export value has high growth potential this year as Vietnam has advantages in exporting certain products, such as farm products, seafood, telephone components and garments.